Leisure Property Income Increases

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28 Feb 2012

The South African total income for the accommodation industry for Q4 2011 increased by 13.8 percent compared to Q4 2010.

According to Statistics South Africa (Stats SA), in December, the total income for the accommodation industry increased by 15.8 percent.

Income from accommodation for the fourth quarter of 2011 increased by 14.8 percent due to an increase of 10.8 percent in the number of stay unit nights sold and an increase of 3.6 percent in the average income per stay unit night sold.

Income from accommodation in December 2011 increased by 18.8 percent compared with December 2010.

The number of stay units available for the fourth quarter of 2011 decreased by 0.5 percent compared with the fourth quarter of 2010.

In Q4 2011, the number of stay unit nights sold increased by 10.8 percent and the number of stay units sold in December increased by 12.5 percent.

Income from accommodation for the fourth quarter of 2011 increased by 14.8 percent and the main contributor to this increase was hotels (10.0 percent and contributing 6.9 percentage points), other accommodation (21.8 percent and contributing 5.0 percentage points) and guest houses and guest farms (37.7 percent and contributing 2.4 percentage points).

The main contributor to the year-on-year increase of 18.8 percent in income from accommodation for December 2011 was other accommodation (35.4 percent and contributing 8.6 percentage points), hotels (12.1 percent and contributing 7.8 percentage points) and guest houses and guest farms (28.8 percent and contributing 2.0 percentage points). – Denise Mhlanga

About the Author
Denise Mhlanga

Denise Mhlanga

Property journalist at property24.com

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